Trump's new tariffs underscore Hong Kong's advantages, city official says

HONG KONG - President Donald Trump’s decision to

add a new 10 per cent tariff on imports

going into the US will benefit Hong Kong as a trade hub, a senior official in the city said on Feb 21.

Mr Christopher Hui, the secretary for financial services and the Treasury, called the tariff situation in the US a “fiasco” during an interview with Commercial Radio Hong Kong.

The new levy serves to underscore Hong Kong’s “unique trade advantages”, Mr Hui said. REUTERS